16456 George Dr

Oak Forest, IL 60452
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3 bd, 2 ba | 1,346 sqft | Built in 1968

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List Price
$237,900

Initial Investment

$64,828

Purchase Price

$237,900

Down Payment

25%

Rent

$2,390

Total Return

$63,976

Annualized Return

14.8%

Cap Rate

5.9%

Gross Yield

12.1%

Cash Flow

$30

Appreciation

4.8%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

5,564

HOA

None

Flood Risk

Not Required

Spacious split-level offers the perfect blend of comfort and convenience. 3 Spacious bedrooms, 2 full bathrooms and 2 car detached garage. This home is situated on a beautiful lot that backs up to a private wooded area, ideal for anyone looking for ample space in a friendly neighborhood. Huge lower level family room, and a large garage for additional storage or workshop area. Extremely close to interstates I80 & I57. Definitely a MUST see home! Please see attached Building Code Violations that the buyer will be required to correct after closing.

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NEIGHBORHOOD

SCHOOLS

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Jake Fugman
eXp Realty - Jake Fugman - Axon Group

Annual Financial Highlights

Expected Rent

$27,246

Expenses

-$5,682

Property Taxes

-$8,600

Loan Payments

-$12,933

Net Cash Flow

$30

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Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

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From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.
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Listing Courtesy of:Michael Olszewski
Agent License 471011979
Area Wide Realty
Certified Agent Brokerage:Jake Fugman
eXp Realty - Jake Fugman - Axon Group
SourceMidwest Real Estate Data LLC (MRED/MAP/MLSNI)
MLS #12314219
Last Updated: 03/17/2025 19:03
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.